Head-to-head comparison
Allan Hancock College vs Sierra College of Beauty: which has better ROI?
Option A Santa Maria, CA
Allan Hancock College
- Net price / year
- $5,383
- Earnings, 10 years
- $42,786
- Payback
- No payback
Option B Merced, CA
Sierra College of Beauty
- Net price / year
- $10,794
- Earnings, 10 years
- $18,519
- Payback
- No payback
Neither clears its cost on institution-wide earnings, but Allan Hancock College comes closer — median earnings $42,786 against a $21,532 total, vs $18,519 at Sierra College of Beauty. (Scorecard, 2026 · our math.)
| Measure | Allan Hancock College | Sierra College of Beauty |
|---|---|---|
| Net price / yr | $5,383 | $10,794 |
| Total net cost | $21,532 | $43,176 |
| Median earnings, 10 yrs | $42,786 | $18,519 |
| Median debt | — | — |
| Payback | — | — |
| 20-year net return | -$133,012 | -$639,996 |
College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.
The short answer
Which is cheaper, Allan Hancock College or Sierra College of Beauty?
Allan Hancock College, at $5,383 a year after aid versus $10,794 — a gap of $5,411 a year, or $21,644 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.
The short answer
Do Allan Hancock College or Sierra College of Beauty graduates earn more?
Allan Hancock College graduates report a median $42,786 ten years after entry, $24,267 more than the $18,519 at Sierra College of Beauty. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.
The short answer
Which graduates more of its students?
84% of students finish at Sierra College of Beauty, against 26% at Allan Hancock College. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.